Liquid exchange token delisting

[bitcoinst]

Liquid token delisting due to application for Payment Service Act License in Singapore

Good news: Exchange Liquid is becoming a licensed crypto exchange operator in Singapore.

Bad news: Due to the requirements of the regulator, a big number of coins will be withdrawn from trading.

     List of tokens:

• MITH
• DRG
• WLO
• STORJ
• WIN
• VUU
• XNK
• PPL
• ENJ
• AMLT
• DENT
• FSN
• GEN
• LND
• MITX
• SPHTX
• MRK
• BRC
• XMR
• NEO
• IPSX
• ADH
• ZEC
• IHF
• PMA
• XLM

According to the exchange, some of them are currently under negotiation and there is a chance that they will remain.

https://help.liquid.com/en/articles/4268444-token-delisting

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[jacafbiz]

Good for Liquid exchange for getting into Singapore to operate and I also received email from them  that my account verification has been rejected but I don't think this is going to have effect on price of these tokens, reason being that trading volume on liquid is still very low has compared to Huobi and Binance

[BeginToMine]

This is really amazing but the question is what significant measure can this go on the exchange and what can it prevent these tokens aside panic selling from users which if project is strong it will definitely bounce back but my happiness is the bold step of this exchange and the license. Great one.

[bitcoinst]

Good for Liquid exchange for getting into Singapore to operate and I also received email from them  that my account verification has been rejected but I don't think this is going to have effect on price of these tokens, reason being that trading volume on liquid is still very low has compared to Huobi and Binance

How long ago did you send documents?
I received verification on this exchange more than a year ago, it seems that it lasted two weeks, and I was refused several times without explanation. But in the end I got through. At that time it was called differently.
Most of all, I did not like in this exchange that in order to untie 2fa I had to write in support and wait for months, so I decided not to use it.

[irixo10]

It is actually good that Liquid exchange has gained the attention of Singapore authorities for it to be licensed, at least it shows that crypto is growing and most government are seeing the need to embrace it gradually. However on the delisting of those tokens, I see it that Liquid is just trying to maintain law and order with Singapore authorities and can do little or nothing in such case. But nevertheless, I do not think it will affect those token prices badly because the delisting is not due to low trading volume or whatever but due to regulations thus they can still perform well on other exchanges they might be listed on.

[batang_bitcoin]

I'm familiar with many of the coins that they will delist but the important thing is that they'll be legal in Singapore. That's a good choice for expanding their business there. IIRC, Binance started there or have a headquarters there before during their early days.
CMIIW.

[marilynmanson21]

Yeah Liquid just delisting a lot of tokens, but there's still a probability to be listed again, "Some of these tokens are undergoing talks with  regulators and maybe relisted in the near future". I also received an email that telling me they have reviewed the documents I've submitted, but unfortunately they are unable to approve my account due to some reasons. But overall it's a good thing that their exchange will be licensed in Singapore.

[bitcoinst]

Yeah Liquid just delisting a lot of tokens, but there's still a probability to be listed again, "Some of these tokens are undergoing talks with  regulators and maybe relisted in the near future". I also received an email that telling me they have reviewed the documents I've submitted, but unfortunately they are unable to approve my account due to some reasons. But overall it's a good thing that their exchange will be licensed in Singapore.

In any case, we must consider any such event in terms of its further impact on the development of cryptocurrencies.
The higher the level of "legality" of cryptocurrencies, the more exchanges of countries will officially use exchanges, the higher will be the public confidence in cryptocurrencies and the wider the mass adoption will be.
Delisting is small pay for it. Subsequently, the entire market will gain much more.